Shares of AMC Entertainment continued to rise on Wednesday, and the rally may bring to life the valuation of 3 ETFs that count AMC among its biggest assets.
Three ETFs have an AMC stock weighting of 2% or more, according to ETFDB. AMC includes less than 1% of the assets of all ETFs held by the film chain’s shares.
Etf weights can be replaced with the AMC percentage value and also replace the quarterly rebalancing, if any. Here’s a look at 3 ETFs that have the highest equity weighting from AMC Entertainment Holdings (NYSE: AMC).
See also: How to share AMC
AMC shares accounted for 11. 8% of assets on Tuesday, a figure that is expected to rise as costs rise on Wednesday. ETF’s other significant holdings come with Amazon. com Inc (NASDAQ: AMZN), Apple Inc (NASDAQ: AAPL), Tesla Inc (NASDAQ: TSLA) and GameStop Corp (NYSE: GME).
The SoFi Social 50 ETF saw its shares crash on Wednesday due to higher valuation and exposure to AMC, a move that is rare for ETFs. ETF shares rose 15% on Wednesday.
Dynamic leisure of Invesco
The Invesco Dynamic Leisure ETF
First Trust Mid Cap Growth: The First Trust Mid Cap Growth AlphaDEX Fund (NYSE: FNY) owns 225 shares. AMC Entertainment is the largest stake with 2. 3% of assets as of June 1. another position is worth more than 1% of the assets.
The FNY ETF will outperform the Nasdaq US 600 index with positions in 600 U. S. mid-cap corporations. U. S. The ETF holds positions in corporations with market capitalizations between $1. 2 billion and $30. 6 billion The ETF is rebalanced quarterly. FNY shares rose 2% on Wednesday.
AMC Price Action: AMC Entertainment shares gained 95. 22% on Wednesday, ending at $62. 55.